Founded in 2018, Coil has developed a content streaming platform that enables creators, publishers, and platforms to monetize their content without relying on ads or site subscriptions. By using the proposed open web standard called Web Monetization, Coil streams micropayments in real-time to individual creators and websites as Coil Members enjoy their content. In collaboration with Mozilla and Creative Commons, Coil launched the $100 million Grant for the Web in 2019 to promote open and inclusive standards and innovation in Web Monetization. Additionally, Coil has invested $20 million in Imgur, a popular entertainment platform with a massive user base of 300 million people per month.